7576 Old Peppers Ferry Loop | Fairlawn, VA 24141
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7576 Old Peppers Ferry Loop
Fairlawn, VA 24141
Fairlawn Apartments · Multifamily Property For Sale · 37 Units
Investment Highlights
- 9,760 SF 17-unit multi-family investment in Fairlawn in the New River valley.
- Nearly 50% of residents living within a three-mile radius rely on rental properties as their primary residences.
- Occupants have access to major thoroughfares and national retailers, including Peppers Ferry Road, US Hwy 11, Walmart, Sheetz, McDonald’s, and more.
- Opportunity to acquire a stable, high occupancy property with upside available through gradual rent increases.
- Market rent per unit has increased by an astounding 4.4% over the past year.
PROPERTY FACTS
| No. Units | 37 | Building Size | 9,760 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low Rise | Year Built | 1940 |
| Building Class | C | Parking Ratio | 1.74/1,000 SF |
| Lot Size | 0.55 AC |
| No. Units | 37 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.55 AC |
| Building Size | 9,760 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1940 |
| Parking Ratio | 1.74/1,000 SF |
PROPERTY TAXES
| Parcel Number | 13696 | Improvements Assessment | $674,100 |
| Land Assessment | $80,000 | Total Assessment | $754,100 |
PROPERTY TAXES
Parcel Number
13696
Land Assessment
$80,000
Improvements Assessment
$674,100
Total Assessment
$754,100
zoning
| Zoning Code | R (Residential) |
| R (Residential) |
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